Bull Market + Clean triangle/count ..I think we hit the range high/618 extension and put in a 5th wave.
I think this is the safest trade of this range. There is a pretty clear leading diagonal and according to Elliott wave math only..these are the most likely targets. You can move your stop up for wave 5 in case it is extended if you want. Might be wrong.
The green box is the daily OB. The purple lines are liquidity. If you place a stop at the red line and buy in the green box, the risk:reward favors the bulls by quite a bit.
This is the max squeeze scenario. This would own a lot of people. Above the dashed red lines is where you find liquidity. The green buy box is where you will get the best risk/reward on a squeeze. I have wave 5 failing contributing to a quick drop. *We could drop one more level before something like this plays itself out. However, being that it's Friday and we...
Place buy's underneath the red lines. The green zones are where I think the best places to buy are for a clean bounce.
TD's 8's and 9's have hit almost every time recently. If the market is chopping, consolidating or trending these seem to hit every time. Kobe 5 seconds left.
Btc is currently in a bull flag which should take it up to the 8500 fib where it will get wedged against the downtrend line and find heavy resistance. This will cause the ascending wedge to break dropping us to at least the .5 fib. You will have to watch price action at the critical levels to determine how far down we will go. If we break the bull flag, then we...
Support/Resistance zones for LTC/BTC. Looks ready in short term
Support and resistance lines for bitcoin. Ema's/fib/ichi provide a good spot for bears and the fib/bottom of ichi cloud provide a decent spot for bulls. Good luck.
On the 1hr chart we can see that a big area of resistance for bitcoin is around 11,000. Observing bitcoin at this level will give us a lot of information.
On the 4hr chart we see the major area of support being 10200-10500. If this area breaks we could find support on top of ichi/100 ema (10k). If both of these break, we could go to any level below.
We will most likely test 9800, if this area holds we can expect a retest of 11300. If 9800 breaks, I will be buying at every fib below it.
Potential price reversal to bottom of ascending wedge channel. 200MA could act as resistance. Buy if it touches ascending wedge trend line (purple) Buy if it hits fib/top of ichi cloud (blue)